Board clears ₹12 Crore authorised capital, ₹16 Crore rights issue and Q2 results
Board approved raising authorised share capital from ₹6.00 Crore to ₹12 Crore, a rights issue of up to ₹16 Crore, and lifting the Section 186 limit for investments, loans and guarantees to ₹50 Crore — all subject to shareholder approval.
By ScoutQuest · · 3 min read
- Authorised Share Capital
- ₹6.00 Crore to ₹12 Crore
- Rights Issue Size
- up to ₹16 Crore
- Section 186 Limit
- ₹50 Crore
The board of the company met on 3rd November 2026, from 4.00 P.M. to 4.45 P.M., and approved four things: a larger authorised share capital, a higher limit for investments, loans and guarantees, a rights issue of up to ₹16 Crore, and the unaudited results for the quarter and half year ended 30th September 2026. The capital-related proposals need shareholder approval before they take effect.
Capital and funding decisions
- Authorised share capital to increase from the existing ₹6.00 Crore, divided into 60 lakh equity shares of ₹10/- each, to ₹12 Crore, divided into 1.2 crore equity shares of ₹10/- each, subject to shareholder approval.
- A consequential alteration to Clause V (Capital Clause) of the Memorandum of Association was also approved, subject to shareholder and other approvals.
- The overall limit for making investments, giving loans, providing guarantees and/or securities under Section 186 of the Companies Act, 2013 is to go up to ₹50 Crore, subject to a Special Resolution by shareholders.
- Funds to be raised by issuing equity shares on a rights basis to existing eligible equity shareholders, for an aggregate amount not exceeding ₹16 Crore. The issue size, issue price, rights entitlement ratio, record date, issue period and terms are to be finalised by the board or the Rights Issue Committee.
Results for the quarter and half year
- Standalone (the company alone): Revenue from operations was Rs 127.70 lakhs for the quarter and Rs 209.50 lakhs for the half year. Profit for the period was Rs 12.58 lakhs for the quarter and Rs 24.37 lakhs for the half year.
- Consolidated (including subsidiaries Nocil Infrastructure Ltd and New Tech Infrastructure Pvt Ltd): Revenue from operations was Rs 172.70 lakhs for the quarter and Rs 254.50 lakhs for the half year. Profit for the period was Rs (1.31) lakhs for the quarter and Rs (24.13) lakhs for the half year, that is, a loss in both periods, compared with Rs (32.12) lakhs and Rs (77.76) lakhs respectively in the same periods a year earlier.
- Consolidated Total income was Rs 193.61 lakhs for the quarter and Rs 294.88 lakhs for the half year; consolidated Earnings Per Share (of Rs. 10/- each, not annualized) was Rs (0.02) basic and diluted for the quarter and Rs (0.45) for the half year.
Auditor's review
- The statutory auditor, S. Satyaprakash & Co LLP, Chartered Accountants, carried out a limited review of both the standalone and consolidated results. The review conclusion is unmodified: nothing came to the auditor's attention that causes them to believe the statements are not prepared in accordance with the applicable accounting standards.
- A review is narrower than a full audit and does not express an audit opinion.
- The consolidated results include unaudited interim financial results of two subsidiaries, whose total assets were Rs. 3,130.89 lakhs as at 30th September 2026.
How a retail investor might read this
- The capital increase and the rights issue both point to a larger equity base. A rights issue brings fresh money into the company, but it also means new shares are issued to eligible shareholders.
- Raising the Section 186 limit gives the board headroom to fund investments, loans or guarantees up to ₹50 Crore, subject to the Special Resolution.
- The standalone business reported a profit for the period in both the quarter and the half year, while the consolidated numbers show a loss that is smaller than in the same periods a year earlier.
- The decisions on authorised capital, the Section 186 limit and the rights issue are proposals approved by the board and are subject to shareholder approval; the issue price and ratio of the rights issue are yet to be fixed.
Also from Neo Infracon
Consolidated results for the 30-Sep-26 (Unaudited)
3 Nov 2026
Board to consider rights issue, higher Section 186 investment limits and authorised capital increase
29 Oct 2026
Board meeting on 3 November 2026 to consider and approve Q2 un-audited results
26 Oct 2026
More numbers
- Existing authorised share capital₹6.00 Crore
- Proposed authorised share capital₹12 Crore
- Limit for investments, loans and guarantees under Section 186₹50 Crore
- Rights issue aggregate amount (not exceeding)₹16 Crore
- Consolidated Revenue from operations, quarter ended 30-Sep-26Rs. 172.70 lakhs
- Consolidated Profit for the period, quarter ended 30-Sep-26Rs. (1.31) lakhs
- Standalone Revenue from operations, quarter ended 30-Sep-26Rs. 127.70 lakhs
- Standalone Profit for the period, quarter ended 30-Sep-26Rs. 12.58 lakhs
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.